Dan Schulman Quotes

PayPal's been around forever. How do we use that platform to solve the future of commerce?

Our idea with starting Stripe was to build better payments technology for people building things on the web.

Stripe really did come about because we were really appalled by how hard it was to charge for things online.

Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.

Our strategy is to provide even more value to users and tie the Venmo community into the PayPal merchant marketplace so that they can use Venmo to buy things.

Venmo is one of the jewels of Paypal.

We're really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.

Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.

Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.

A number of people in the United States, almost everyone, is using plastic cards to pay for things, but it's extremely difficult to accept these cards. So let's make it's easy and take more and more of the friction out as we can.

For people who use Google Wallet, the experience works.

With PayPal, you have to send people over to their website... whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this.

Our initial idea with Stripe was that for people like us - those building apps and websites - it was incredibly difficult to take payments. So with an open mind, and maybe a useful lack of knowledge about the industry, we started building a payment product.

Amazon Web Services for payments is an apt description of Stripe.

It's easy to talk to people over the Web, but it's not very easy to trigger transactions. That's the thing we set out to fix with Stripe.

Apple already had everyone's billing information from iTunes... you could buy things just by typing in your password... That, for the first time, brought very, very easy payment to the modern software world. That, more than anything, is why there is a business for paid apps.

Customer-driven innovation was at the core of Intuit's first product, 'Quicken,' and it continues to guide us as we look to solve new problems in areas like mobile payments. Products like Intuit 'GoPayment' and the IntuitPayment Network are helping small businesses get paid faster, keeping cash flow strong and their business healthy.

Payfirma has revolutionized the payment process, consolidating mobile, e-commerce and in-store payments under a single solution, much like HootSuite did for social media.

What interests us in Stripe is the idea that there could much more commerce happening on the Internet.

Even by Silicon Valley standards, PayPal's vision was massively ambitious.

We don't think there is any money to be made in payments anymore. The entire business model of extracting a toll or having time delays around the movement of value is going away completely.

The promise of the Internet is being held back by Visa, Master Card, American Express.

An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality of services in response to changing technology and changing demand.

Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand.

Payments is a hard business. It's a messy business, with not necessarily the largest of margins.